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Buy-to-let proves popular with expat investors
March 10, 2017Article by Chelsea Battle
British expats keen to keep a foothold in the UK property market have more opportunities to invest, after we made important changes to our buy-to-let product range.
As a leading buy-to-let mortgage lender, we have changed our rates for expats and those without permanent rights to live in the UK.
We’ve found that, despite recent changes, buy-to-let remains a strong option for investors from Britain – and increasingly from overseas.
The move is in line with our philosophy of common sense lending and comes in response to market demand.
Interestingly, we are seeing a rise in applications from expats, with some seeing Brexit as an opportunity for investment.
A fall in the value of the pound last autumn allowed even more people to use their foreign savings to buy UK property, whether buying at auction or through traditional channels. Investors can benefit from long-term capital gains, while paying their mortgage through rents collected in the local currency.